The federal government squandered the time the states spent in lockdown. We still face a national shortage of COVID-19 test kits and PPE and there is no nationwide testing or contact tracing program. The United States has 4 percent of the world’s population, but about a third of the world’s coronavirus cases.
But some folks were not wasting their time. True to form, the rich are doing everything they can to benefit financially from the crisis—and their work is paying off. The richest 400 Americans were already worth a collective $2.96 trillion last year, more than the bottom 60 percent of Americans combined.
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